How to Choose Your Bulenox Account Wisely?

Welcome to our series of articles where you’ll discover Bulenox in less than 60 seconds. Today, we’re looking at how to choose your Bulenox account to optimize your start in the world of funded trading.

Types of Accounts at Bulenox

Bulenox offers two types of accounts, each designed to meet the varied needs of traders. Here is a brief explanation of each type:

Account with Trailing Drawdown

Dynamic Drawdown Mechanism:

Trailing Drawdown: This system adjusts the drawdown threshold based on your gains. It maintains a constant loss limit relative to the peak of your most recent gains, encouraging you to protect your gains by considering each new threshold achieved.

Loss Threshold Calculation:

Based on Profit Peaks: If your gains increase, your new drawdown threshold will be adjusted accordingly. For example, with each new net profit high reached, the drawdown threshold adjusts based on the value of the trailing threshold.

Practical Example:

Initial Situation: You start with a balance of $100,000. Your maximum drawdown is $3,000, so the initial threshold is $97,000.
After the First Transaction: You earn $800, bringing your balance to $100,800. The drawdown threshold then adjusts to $97,800.
Additional Profit: Unrealized gain of $300, your balance goes up to $101,100. The drawdown threshold adjusts to $98,100. Even if you finish at break-even, your maximum drawdown is now $2,700 instead of $3,000.

Account with EOD (End Of Day) Drawdown

End of Day Drawdown Mechanism:

EOD Drawdown: This account is designed to offer stable and predictable risk management. Unlike Trailing Drawdown, EOD Drawdown adjusts the loss threshold only at the end of the day, ensuring that regardless of fluctuations during the day, adjustments are only made after market close.

Loss Threshold Calculation:

Based on Closing Balance: Each evening, the drawdown limit is recalculated based on the closing balance. This gives traders complete clarity on the risks for the following day, allowing for more precise and less reactive planning.

Practical Example:

Initial Situation: You start with a balance of €100,000, with a maximum allowed drawdown of €3,000, setting your initial threshold at €97,000.
Trading Activity: Throughout the day, you perform several transactions that temporarily increase your balance to €101,000.
Drawdown Readjustment: If you finish the day with a balance of €100,200, the drawdown is recalculated based on this new base. Your safety threshold is then adjusted to €97,200.

Key Takeaways for Choosing Your Bulenox Account

Bulenox offers you two distinct strategic options for your futures trading account, each suited to different trading styles and risk management preferences:

Option 1 – Trailing Drawdown:

Ideal for traders looking to maximize their profits by dynamically reacting to market changes. This account adjusts the loss threshold based on the increase in your gains, allowing you to capitalize on your success while maintaining a safety margin.

Option 2 – EOD Drawdown:

Perfect for those who prefer a more structured and predictable trading approach. The loss threshold is recalculated once a day, providing constant clarity on the risks you can take the following day. Before choosing, consider the qualification phase as an opportunity to explore the platform’s features and refine your trading strategies. This step is crucial for identifying the account that best aligns with your trading methods and financial goals.

Final Tip:

Take the time to fully understand each option and evaluate how it will fit into your personal trading plan. For more details, check out our detailed article:
Bulenox: Decoding the Two Types of Funded Accounts